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Thyssenkrupp won't be rushed on European steel tie-up with Tata

Reuters  |  FRANKFURT 

By Christoph SteitzFRANKFURT (Reuters) - Thyssenkrupp will not be rushed into any deal with Tata Steel to merge their European steel businesses, its chief financial officer said, pouring cold water on investor hopes for a quick agreement.The German steel-to-elevators group is facing pressure from investors to deliver on the tie-up, after talks have been going on for over a year.They have been held up mainly by the question of who will assume responsibility for Tata Steel's legacy 15 billion pound ($19 billion) pension scheme in Britain.Britain's Sky News reported on Wednesday that Tata Steel ...

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First Published: Thu, August 10 2017. 15:34 IST